Subway Ends Family-Owned Run, , Sells to Private Equity Firm.
CNN reports that Subway has ended a six-month
search for a buyer and will be sold to
private equity firm Roark Capital.
CNN reports that Subway has ended a six-month
search for a buyer and will be sold to
private equity firm Roark Capital.
The news marks the end of the
sandwich chain’s almost 60-year
run as a family-owned business.
Subway released a statement, calling the deal a , “major milestone in Subway’s multi-year transformation
journey, combining Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models.”.
Roark holds investments in a number
of other major restaurant chains, including
Arby’s, Buffalo Wild Wings and Sonic.
Roark holds investments in a number
of other major restaurant chains, including
Arby’s, Buffalo Wild Wings and Sonic.
Roark holds investments in a number
of other major restaurant chains, including
Arby’s, Buffalo Wild Wings and Sonic.
This transaction reflects Subway’s
long-term growth potential, and the
substantial value of our brand and
our franchisees around the world, John Chidsey, Subway CEO, via CNN .
Subway has a bright future with
Roark, and we are committed to
continuing to focus on a win-win-win
approach for our franchisees,
our guests and our employees, John Chidsey, Subway CEO, via CNN .
While the terms of the deal were not officially
disclosed, 'The Wall Street Journal' reported
the purchase price to be "around $9.6 billion.".
While the terms of the deal were not officially
disclosed, 'The Wall Street Journal' reported
the purchase price to be "around $9.6 billion.".
CNN reports that the figure is slightly
below the $10 billion Subway had been asking
for since being put up for sale in February.
CNN reports that the figure is slightly
below the $10 billion Subway had been asking
for since being put up for sale in February.
CNN reports that Roark’s acquisition of Subway
is the second-largest in fast food history.
In 2020, Inspire Brands, which is also owned
by Roark, purchased Dunkin' for $11.3 billion.
